Lancashire Holdings Limited (LON:LRE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Lancashire Holdings Limited (LON:LRE) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 768 ($9.56).

Several equities research analysts have recently weighed in on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 800 ($9.96) price objective on shares of Lancashire in a research report on Friday, March 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 750 ($9.34) price objective on shares of Lancashire in a research report on Thursday, March 7th.

Lancashire Stock Down 1.7 %

LRE opened at GBX 574 ($7.15) on Wednesday. Lancashire has a 1-year low of GBX 525 ($6.54) and a 1-year high of GBX 690 ($8.59). The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.25. The stock has a market capitalization of £1.37 billion, a price-to-earnings ratio of 546.67, a P/E/G ratio of 0.21 and a beta of 0.58. The business has a 50 day moving average of GBX 628.02 and a 200-day moving average of GBX 613.85.

Lancashire Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 9th will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 9th. This represents a dividend yield of 5.86%. Lancashire’s payout ratio is 1,523.81%.

About Lancashire

Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, Australia, and the United States. The company operates through two segments, Reinsurance and Insurance. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.